Warsaw, October 6, 2021
Polish-Kazakh Business Forum
An interview with Mr. Meirzhan Yussupov, Chairman of the Board of the “National Company” KAZAKH INVEST” JSC – Member of the Board of Directors of the Company by Magdalena Sobańska-Cwalina, Ph.D., Boym Institute, Member of the Board, Warsaw, Poland
MSC: Let’s make a quick start. Why Polish entrepreneurs should invest in Kazakhstan?
M.Y.: There are many good reasons. Firstly, the market access. Kazakhstan is the part of the Eurasian Economic Union, so you can consider a 180 million consumer market. Secondly, perfect geographical location. The shortest land connection between Western Europe and China passes through Kazakhstan. We have China on the other side of the border. From Almaty – the former capital of Kazakhstan – there is two to three hours of driveway to the Chinese border. Thirdly, if you conduct a capital investment to Kazakhstan, we have attractive government incentives, such us various tax breaks, subsidies, and plug-and-play infrastructure provided by the government. Fourthly, our population is growing in demographic terms. In terms of UN Human Development Index, we occupy a much higher place compared to our neighbors. We have well educated population which provide quality services at affordable price. Moreover, our country is rich in natural resources and raw materials. Last but not least is political stability. If you take a look at around Kazakhstan, our country is a safe haven for investors.
Magdalena Sobańska-Cwalina (M.S-C): How Poland as a country and Polish products are perceived in your country?
M.Y.: As you can see from the outstanding turnout at the Polish-Kazakh business forum, Polish business is popular in Kazakhstan. And vice versa. Polish goods are regarded very well in Kazakhstan. For example, although we consider Kazakhstan a birthplace of apples, Polish fruits are still exported to Kazakhstan. This shows how well advanced the Polish technology is in terms of agricultural sector. We know also Polcotton very well, an investor to greenhouses in Central Asia. We have also other Polish projects in Kazakhstan like Polpharma which is the pharmaceutical company with a well-established production in our country.
M. S-C.: If a Polish company would like to start a business in Kazakhstan what do they need to know first?
M.Y.: The Kazakh government is putting a lot of efforts to enhance the business climate. We are #25 overall and #22 in terms of easiness of starting a business according to the World Bank’s Doing Business Report. I would advise anyone who is planning to start a business in Kazakhstan to contact KAZAKH INVEST so that we can advise. We also give a hand in finding a local partner in Kazakhstan.
For potential investors we provide comprehensive country information, plus sectoral reviews, and what is important specific investment projects prepared by our team together with international consultants.
Then we organize targeted visits to Kazakhstan. We set up meeting with central government bodies and local authorities. We have representatives in all regions. Important service is business matchmaking, we assist in searching for a strong local partner.
Then we assist in structuring of investment projects providing various options for financing. We guide investors all the way through the project implementation stage. And even after a successful launch, we provide continuous service support on the questions investors may have in doing business in Kazakhstan.
M. S-C.: What are the common mistakes foreign companies make in Kazakhstan?
Many of those mistakes are related to the market. Firstly, all businessmen conduct analysis prior making investments. Sometimes there is a market mismatch: there is not enough market for their products. Secondly, you should carefully think about logistics and local raw materials availability. Therefore, knowledge of the market is essential. If investors come to the KAZAKH INVEST, we help them with market research. It would be also wise to invest in hiring various specialized companies that do real kind of in-depth analysis of that market for their specific products
M.S-C.: What are priority sectors in which you would like to see Polish investors?
M.Y.: There is a large list of priority sectors, including agribusiness, mining, metallurgy, petrochemical industry, infrastructure, renewable energy and others. But personally, I would like to highlight agribusiness given the potential of Kazakhstan. Kazakhstan is among Top 5 countries globally in terms of potential for growth of agriculture sector. The government is putting a lot of emphasis to attract even more investments in agriculture and food processing. More concretely, feed mills for growing the cattle or greenhouse projects are on top the list. The pandemics demonstrates that food security is essential. We see a lot of interest in investing in Kazakhstan, for consumption domestically and for exports to other markets, e.g. China.
MSC: Both Poland and Kazakhstan have problems with the inefficient water use. Isn’t it a platform for future cooperation?
M.Y.: We are very concerned about the amount of water consumed by irrigation systems in Kazakhstan. The government devotes a lot of attention on how to save water using the modern irrigation technologies. Therefore, we are interested in cooperation with Polish companies on this matter.
M.S-C: Aren’t you afraid of the competition from your southern neighbor, Uzbekistan? The reforms started there may make it more attractive for foreign investors than it was before.
M.Y.: Competition is always good. For so many years we have been the leader in terms of foreign direct investment, in absolute numbers. If someone is doing better than before and wants to compete that gives additional impetus for us to become even better. Many entrepreneurs are investing to the southern part of Kazakhstan, which provides direct access to the entire growing market of Central Asia.
M.S-C: What are the main results of today’s business forum?
M.Y.: We have signed seven documents between Poland and Kazakhstan. It is by far the largest business event during the last four years. There is a very high interest from the Polish business community in terms of investing in Kazakhstan, as well as a strong Kazakh demand for meeting Polish business. We have a lot of positive feedback; I am sure we laid strong foundations for future partnerships.
On October 5, 2021, the Polish-Kazakh Business Forum was held in Warsaw, during which 7 bilateral documents were signed on the implementation of projects in Kazakhstan worth about $ 445 million.
Magdalena Sobańska-Cwalina Central Asia analyst, member of the Board of Directors of the Michal Boym Institute for Asian and Global Studies Foundation, PhD in economics (topic of doctoral dissertation: "Institutional determinants of the activity of Polish companies of the building materials industry in eastern markets"). Privately, she is passionate about classical music.
Więcej informacji na temat: newslettera, polityki prywatności serwisu
czytaj więcej
Interview with Uki Maroshek-Klarman on “Betzavta” method
Interview with Uki Maroshek-Klarman - Academic Director of the Adam Institute for Democracy and Peace in Israel. Founder of "Betzavta" method, which was created with intention of streghtening people's participation in society and making conflicts easier to solve.
Patrycja PendrakowskaChina’s Social Credit System – How will it affect Polish enterprises in China?
The Social Credit System currently being rolled out in China may pose significant organisational and legal challenges for both foreign and Polish entities operating in China. We invite you to read our report, prepared in cooperation between the Boym Institute and Kochanski & Partners.
Patrycja PendrakowskaCoronavirus outbreak in Poland – General information and recommendations for entrepreneurs
Kochański & Partners and the Boym Institute engaged in delivering information about latest after-effects of COVID-19 pandemia, which has begun to spread in Poland during the past days.
Indian Roundtable – Poland’s Challenges and Opportunities in the Subcontinent
In recent years, India has been the fastest growing among the major countries' economies in the world. (...) In the coming decades, the Subcontinent's largest country may remain one of the pillars of global economic growth. This is one of the reasons why the country is already the most popular destination for Polish foreign investment in the Asian-Pacific region.
We would like to inform, that Observer Research Foundation has published article of Patrycja Pendrakowska - the Boym Institute Analyst and President of the Board.
Patrycja PendrakowskaCharitable activities of the Vietnamese in Poland: their scope and sources
The scale of assistance provided to medics by the Vietnamese community during the 2020 pandemic inspires admiration and gratitude. It stems from the sense of belonging to Poland and deeply rooted in the culture order to help those in need and repay the debt incurred at the time when they themselves needed such help.
Ewa GrabowskaTranscultural Winter School 2021 (8th of November — 12th of November)
This year’s research project TSRG 2021 as a collaborative initiative between Leadership Excellence Institute Zeppelin and the Boym Institute continued with a Transcultural Winter School in Zeppelin University, in Friedrichshafen.
Dr Krzysztof Zalewski participates in the Kigali Global Dialogue in Rwanda
A short note and photo gallery from the chairman of the Board of the Boym Institute, who stays in Rwanda at the "Kigali Global Dialogue" conference.
The Global Waste Trade: Unveiling Waste Colonialism in Southeast Asia
Although 19th-century colonialism may seem like a relic of the past, the global community continues to grapple with its modern counterparts, often referred to as neo-colonialism.
Andżelika SerwatkaPolish women do not often become the heroines of media reports in Central Asia. In February 2020, however, it was different. The story of Agnieszka Pikulicka-Wilczewska, a journalist, "heated up" the headlines of local news portals. More importantly, "between the lines" she talked a lot about contemporary Uzbekistan and the role of women in politics.
Magdalena Sobańska-CwalinaGlobalization of business, education and China: interview with prof. Chiwen Jevons Lee
Interview of Ewelina Horoszkiewicz with prof. Chiwen Jevons Lee on China on globalization of Chinese business education and his thoughts of China’s role in the global marketplace.
Ewelina HoroszkiewiczMeeting with Dr. Uki Maroshek-Klarman
It’s a great pleasure for the Boym Institute to organize an open meeting with dr Uki Maroshek who founded the betzavta method. Betzavta is taught across the globe at the Adam Institute for Democracy and Peace in Jerusalem as well as in other institutions in Europe and the Middle East.
Ailuna Shamurzaeva – Research Fellow at the Boym Institute
Her research focuses on political economy, migration studies, and international trade. Ailuna, we are more than happy to welcome you to the team!
Young Indo-Pacific: Forward-looking perspectives on the EU Indo-Pacific Strategy
The Boym Institute, working with other think tanks, organizes panel discussions on topics related to the European Union's Indo-Pacific strategy
Searching for Japan’s Role in the World Amid the Russia-Ukraine War
The G7 Hiroshima Summit concluded on May 21 with a communiqué reiterating continued support for Ukraine in face of Russia’s illegal war of aggression. Although Japan was perceived at the onset of the war as reluctant to go beyond condemning Russia at the expense of its own interests, it has since become one of the leading countries taking action during the war.
Rintaro NishimuraPatrycja Pendrakowska as a founding member of the WICCI’s India-EU Business Council
By sharing knowledge, business opportunities, and best practices the Council generates awareness of women's contributions in developing the India-EU relations.
On conflict in the Middle East: Malik Dahlan’s Letter to President Isaac Herzog
This letter has been included into our Voices From Asia series, as we consider it a significant addition to the ongoing discussion surrounding the ongoing conflict in the Middle East.
Malik DahlanWill 2023 be the year of improving relations between Albania and South Korea?
In April 2021, the 30 years of establishing diplomatic relations between the Republic of Korea (ROK) and Albania was officially organized in the South Korean embassy in Athens, the capital of Greece. The localization of these official festivities perfectly pictured the nature of the relations between these two countries.
Nicolas LeviWe’re Stronger Together – an Interview with Minister Marcin Przydacz
"Cooperation and investments – we are absolutely up for it. However, we prefer to keep a certain degree of caution when it comes to entrusting the transfer of technology and critical infrastructure to external investors. The security of Poland and the EU should be considered more important than even the greatest economic gains..."
The North Korean nuclear dismantlement and the management of its nuclear wastes
Evidence suggests that North Korea stores its high-level nuclear waste (HLW) in liquid form in tanks on the same site where it is made, and has not invested in infrastructure to reduce, dentrify, or vitrify this waste. However, this is just the tip of the iceberg, one of many aspects of the North Korean nuclear waste problem.
Nicolas LeviTime for a new normal – enhancing Europe’s military profile in the Indo-Pacific in 2025
2024 witnessed a notable stepping up of Europe’s military profile in the Indo-Pacific. Building on these developments, 2025 should be a year of continuation, bringing even more defence engagement of European states with their Indo-Pacific partners.
Jakub WitczakPeace is a precondition for LiFE. How systemic conflicts endanger developmental goals
The G20 can play a pivotal role in dealing with the mounting global challenges by proposing policy coordination and solutions disincentivising armed conflicts.
Krzysztof ZalewskiAdam Institute for Democracy & Peace – Crowdfunding Campaign December 2020
Democracy in Israel is in crisis. And if we don't educate for democracy, it just won't exist. It's that simple. The actual teaching of democracy, on the other hand, isn't so simple. It requires experience, theoretical and practical knowledge and the flexibility to adapt to our ever-changing reality.
We would like to inform, that Observer Research Foundation has published article of Krzysztof Zalewski - the Boym Institute Analyst, Chairman of the Board and Editor of the “Tydzień w Azji” weekly.
Krzysztof Zalewski